RBI allowed Tokenisation in Card transactions RBI/2018-19/103DPSS.CO.PD No.1463/02.14.003/2018-19 January 08, 2019 The Chief Executive Officer / PresidentAll authorised card payment networks Madam / Dear Sir, Tokenisation – Card transactions Continuing the efforts to improve safety and security of card transactions, Reserve Bank of India had permitted card networks for tokenisation in card transactions for a… Read More »
Micro, Small and Medium Enterprises (MSME) sector – Restructuring of Advances RBI/2018-19/100 DBR.No.BP.BC.18/21.04.048/2018-19 January 1, 2019 All banks and NBFCs regulated by the Reserve Bank of India Dear Sir/ Madam, Micro, Small and Medium Enterprises (MSME) sector – Restructuring of Advances 1. Please refer to the circulars DBR.No.BP.BC.100/21.04.048/2017-18 dated February 07, 2018 and DBR.No.BP.BC.108/21.04.048/2017-18 dated June 6, 2018.… Read More »
7.75% Savings (Taxable) Bonds, 2018 – Operational Guidelines RBI/2018-19/95 IDMD.CDD.No.1637/13.01.299/2018-19 December 24, 2018 The Chairman & Managing Director State Bank of India & 18 Nationalised Banks Axis Bank Ltd., ICICI Bank Ltd., HDFC Bank Ltd., Stock Holding Corporation of India Ltd. (SHCIL) Dear Sir/Madam, 7.75% Savings (Taxable) Bonds, 2018 – Operational Guidelines This has reference… Read More »
RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 17th December, 2018 No. FEMA 3(R)/2018-RB Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 G.S.R. 1213(E).—In exercise of the powers conferred by clauses (a), (d) and (e) of Sub-Section (3) of Section 6, sub- section (2) of Section 47 of the Foreign Exchange… Read More »
Ministry of Finance Gold Price for Issuance of SGB for subscription period- Dec.24-28, 2018 Posted On: 21 DEC 2018 8:10PM by PIB Delhi Government of India, in consultation with the Reserve Bank of India, Sovereign Gold Bonds 2018-19 (Series IV) will be opened for the period December 24-28, 2018. The issue price of the Bond… Read More »
Ministry of Finance Measures being taken to Control and Prevent Frauds in Banks Posted On: 14 DEC 2018 A number of measures being taken to control and prevent frauds in banks, including, inter alia, the following: Government has issued “Framework for timely detection, reporting, investigation etc. relating to large value bank frauds” to Public Sector Banks (PSBs),… Read More »
Date : Dec 10, 2018 Statement by Governor On account of personal reasons, I have decided to step down from my current position effective immediately. It has been my privilege and honour to serve in the Reserve Bank of India in various capacities over the years. The support and hard work of RBI staff, officers and… Read More »
Guidelines on Loan System for Delivery of Bank Credit RBI/2018-19/87 DBR.BP.BC.No.12/21.04.048/2018-19 December 5, 2018 All Scheduled Commercial Banks Small Finance Banks Dear Sir/ Madam, Guidelines on Loan System for Delivery of Bank Credit Please refer to the Draft Guidelines on the captioned subject issued on June 11, 2018 for comments of the stakeholders. 2. Taking into account… Read More »
RBI/2018-19/79 A.P. (DIR Series) Circular No.15 November 26, 2018 To All Category-I Authorised Dealer Banks Madam / Sir External Commercial Borrowings (ECB) Policy – Review of Hedging Provision Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to paragraphs 2.4.2 and 2.5 of Master Direction No.5 dated January 1, 2016 on “External Commercial Borrowings, Trade Credit,… Read More »
Real Time Gross Settlement (RTGS) System – Implementation of Positive Confirmation RBI/2018-19/76 DPSS (CO) RTGS No.1049/04.04.016/2018-19 November 15, 2018 The Chairman / Managing Director / Chief Executive Officer of member banks participating in RTGS Madam / Dear Sir, Real Time Gross Settlement (RTGS) System – Implementation of Positive Confirmation Presently, the National Electronic Funds Transfer… Read More »